Euronext launches PEA PME family of indices
NEW CAC(R)PME INDEX
MORE INDICES TO BE ADDED IN 2014
March 5, 2014-- Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), welcomes publication of the implementing decree introducing PEA PME savings accounts in France, and today announced the launch of its new CAC(R) PME index.
This unique index is the first in Euronext's new PEA PME index family, based on the French government's initiative aimed at encouraging investment in shares and support for financing of SMEs.
The CAC(R) PME index tracks the performance of between 20 and 40 French companies eligible as investment vehicles for PEA PME accounts and listed on Euronext and Alternext markets in Paris. Its components are based on local trade volumes. The weight of each individual stock is capped at 7.5%. The CAC(R) PME index is calculated in real time, and its components and weightings are revised each quarter.
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Source: Euronext
Lyxor introduces double short ETFs on Treasuries, gilts and Japanese government bonds
March 5, 2014--Lyxor Asset Management, Europe's third largest provider of exchange-traded funds, has extended its fixed income line-up with the launch of double short ETFs linked to the government bonds of the United States, the United Kingdom and Japan.
The ETFs are two times inversely linked to the performance of each country's benchmark 10-year government bond and thus provide investors with a tool to help protect their portfolios from rising interest rates.
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Source: ETFstategy.com
UK Official holdings of international reserves, February 2014
March 5, 2014--In summary, this month's release shows that in February 2014: No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Treasury
Changes to SDAX and TecDAX
Changes are effective on 24 March 2014
March 5, 2014--On Wednesday Deutsche Börse decided on changes in its selection indices that will become effective 24 March 2014.
The shares of Surteco AG and Capital Stage AG will be included in SDAX and the shares of H+R AG and VTG AG will leave the index.
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Source: Deutsche Börse
EM capital flight a boon for UK mid-caps, a bane for Japan large-caps
March 4, 2014--Summary
Mid-cap equities are shaking off new macro concerns. Following last year's Fed taper talk, this year's capital flight from EM into DM safe havens has reinforced momentum in domestic-focused equity themes.
Underpinned by upbeat growth expectations at home and macro uncertainties abroad, UK- focused growth stories retain their appeal. The FTSE 250 looks set to benefit in this backdrop.
The end of cheap credit and resulting macro risks in debt-fuelled EM economies is unraveling. DM currencies are appreciating, pressuring sentiment in export geared large-cap equity markets.
As sterling's appreciation is dampening the near term outlook for FTSE 100, the yen's sharp rally is reversing bullish sentiment in the TOPIX.
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Source: Boost
Boerse Stuttgart generates turnover of more than EUR 8 billion in February
Growth in debt instrument trading/Transaction volume up in comparison with February 2013
March 3, 2014--According to its order book statistics, Boerse Stuttgart generated turnover of more than EUR 8 billion in February 2014. Although the trading volume was down in comparison with January, when trading was particularly strong, it was up more than 4 percent on February 2013.
Securitised derivatives accounted for the largest share of the turnover. In this asset class, the trading volume was more than EUR 3.3 billion in February. Leverage and investment products each accounted for just under EUR 1.7 billion of the turnover.
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Source: Boerse Stuttgart
Component Change Made in STOXX North America 50 and Eastern Europe 50 Indices
March 3, 2014--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced component changes in the STOXX North America 50 Index due to the fast entry rule.
Furthermore, changes in the STOXX Eastern Europe 50 Index due to the regular semi-annual review were announced. All changes become effective with the open of markets on March 24, 2014.
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Source: STOXX
Turnover at Deutsche Boerse's cash markets at 102.6 billion euros in February
March 3, 2014--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €102.6 billion in February (February 2013: €93 billion). Of the €102.6 billion, €93.4 billion were attributable to Xetra (February 2013: €85.2 billion). €4.7 billion were attributable to the Frankfurt Stock Exchange (February 2013: €4.5 billion). Order book turnover on Tradegate Exchange* totalled approximately €4.6 billion in February (February 2013: €3.3 billion).
In equities, turnover reached €88.7 billion on Deutsche Börse's cash markets (Xetra: €82.4 billion, Frankfurt Stock Exchange: €2.2 billion, Tradegate Exchange: €4.2 billion). Turnover in bonds was €1.1 billion, and in structured products €1.4 billion. Order book turnover in ETFs/ETCs/ETNs amounted to €11.2 billion.
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Source: Deutsche Börse's
S&P Dow Jones Indices' Market Attributes: Index Dashboard Europe
February 28, 2014--Highlights this month include:
Yesterday saw robust positive data on sentiment from the European Commission: well above-average economic sentiment beat expectations while overall business conditions registered their highest level since July 2011.
However, on the same day the ECB warned of continued weakness in private sector lending. The broad Europe 350 Index was up 5% on the month, with each sector posting gains for the period.
An interesting month in European politics: violent revolution in the Ukraine, populist evolution in Italy and contentious devolution in the U.K.
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Source: S&P Dow Jones Indices
European Banking Regulator to Review Virtual Currency Risks
February 28, 2014--Virtual currencies such as Bitcoin may pose risks to consumers, investors and society, the European Banking Authority said.
The EBA, set up in 2011 to harmonize banking rules across the 28-member European Union, said that it would set up a task force in the first half of this year to review policy options.
"The question yet to be addressed is whether virtual currencies can and ought to be regulated," the London-based EBA said in a statement published on its website today.
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Source: Bloomberg
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